SERVIT CONSTRUCT
InactiveSERVIT CONSTRUCT was declared bankrupt on 07-06-2022 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 18-02-2025, published in the Belgian State Gazette on 24-02-2025.
Summary
Inactive; last annual accounts for fiscal year 2019.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 30-09-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
30-09-2020 close30-04-2021 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2019 was due by 30-04-2020 and was filed on 27-07-2020, 88 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
88 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts 88 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2019, micro schema
Equity
€97,549▲ 47.8%
2018 · €66,012
Total assets
€600,180▲ 46.9%
2018 · €408,616
Net result
€331,537▲ 68.8%
2018 · €196,394
Working capital
€52,098▲ 13,683%
2018 · €378
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019
Operating result€245,486-€370,510▲ 50.9%
Net result€196,394-€331,537▲ 68.8%
Equity€66,012-€97,549▲ 47.8%
Total assets€408,616-€600,180▲ 46.9%
Debt€342,604-€502,631▲ 46.7%
Working capital€378-€52,098▲ 13,683%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2019; 2019 is 51% above 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €600,180
Fixed assets
€45,451 ▼ 30.8%
Current assets
€554,729 ▲ 61.7%
Equity and liabilities €600,180
Equity
€97,549 ▲ 47.8%
Debt
€502,631 ▲ 46.7%
Debt's share of the balance-sheet total falls from 83.8% to 83.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€392,193▲
2018 · €278,994
Cash flow
€353,220▲
2018 · €229,902
Current ratio
1.10▲
2018 · 1.00
ROE
339.9%▲
2018 · 297.5%
ROA
55.2%▲
2018 · 48.1%
Debt ≤ 1 year
€502,631▲
2018 · €342,604
Income taxes
€27,947▲
2018 · €21,172
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,508 | €21,683 | ▼ 35.3% |
| Gross operating margin9900 | €283,242 | €399,209 | ▲ 40.9% |
| Operating profit (loss)9901 | €245,486 | €370,510 | ▲ 50.9% |
| Recurring financial income75 | €3,822 | €8,766 | ▲ 129% |
| Recurring financial charges65 | €31,742 | €19,792 | ▼ 37.6% |
| Profit (loss) for the period before taxes9903 | €217,566 | €359,484 | ▲ 65.2% |
| Income taxes67/77 | €21,172 | €27,947 | ▲ 32.0% |
| Profit (loss) for the period9904 | €196,394 | €331,537 | ▲ 68.8% |
| Profit (loss) for the period to be appropriated9905 | €196,394 | €331,537 | ▲ 68.8% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €408,616 | €600,180 | ▲ 46.9% |
| Fixed assets21/28 | €65,634 | €45,451 | ▼ 30.8% |
| Tangible fixed assets22/27 | €65,634 | €45,451 | ▼ 30.8% |
| Current assets29/58 | €342,982 | €554,729 | ▲ 61.7% |
| Amounts receivable within one year40/41 | €337,314 | €530,699 | ▲ 57.3% |
| Cash at bank and in hand54/58 | €5,668 | €24,030 | ▲ 324% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €408,616 | €600,180 | ▲ 46.9% |
| Equity10/15 | €66,012 | €97,549 | ▲ 47.8% |
| Contributions10/11 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €57,952 | €89,489 | ▲ 54.4% |
| Amounts payable17/49 | €342,604 | €502,631 | ▲ 46.7% |
| Amounts payable within one year42/48 | €342,604 | €502,631 | ▲ 46.7% |
| Trade debts44 | €91,368 | €115,661 | ▲ 26.6% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €196,394 | €331,537 | ▲ 68.8% |
| + Depreciation and write-downs630 | €33,508 | €21,683 | ▼ 35.3% |
| Operating cash flow (approximation) | €229,902 | €353,220 | ▲ 53.6% |
| Investment in fixed assets (approximation) | - | -€1,500 | - |
| Change in cash | - | €18,362 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
24-02
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 18-02-2025
2022
14-06
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 07-06-2022
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
03-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 126 days late
18-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 263 days late
2018
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 257 days late
SignalNBB filing
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SOFIE DE NIJS GROOT-BRITTANNIELAAN 10,
9000 GENT |
07-06-2022 → 18-02-2025 |